Springfield, MO

Log in Subscribe

Leggett & Platt's 2020 earnings were down 26%.
SBJ file photo
Leggett & Platt's 2020 earnings were down 26%.

Leggett & Platt compensation drops for 3 execs

Posted online

Leggett & Platt Inc. (NYSE: LEG) reported total compensation for three of its top executives dropped in 2020, mostly due to lower stock awards.

Chairperson and CEO Karl Glassman, the manufacturer's top-paid officer, posted total compensation of $8.7 million, a roughly 14% drop from $10.2 million in 2019, according to a proxy filing with the U.S. Securities and Exchange Commission.

Glassman's $1.1 million salary was down slightly, but the biggest drop was in stock awards, which moved to $4.9 million from $6.1 million in 2019.

Below are Leggett & Platt's top executives, by total 2020 compensation and percent change:
• Glassman, $8.7 million, down 14%;
• Mitch Dolloff, president and chief operating officer, $3.7 million, down 3.7%;
• Jeff Tate, executive vice president and chief financial officer, $2.5 million, up 8%;
• Steve Henderson, executive vice president, $2.1 million, N/A; and
• Scott Douglas, general counsel, $1.7 million, down 5.2%.

Henderson previously wasn't a named officer at the company, so his 2019 compensation was not disclosed in the proxy filing.

During 2020, Leggett & Platt's earnings fell 26% to $247.6 million. Revenue slipped 10% to $4.3 billion.

LEG shares were trading at $45.52 per share as of 9:37 a.m., compared with a 52-week range of $24.01 to $50 per share.


No comments on this story |
Please log in to add your comment
Editors' Pick
Springfield taps Ozark admin for planning role

Steve Childers to lead city’s key growth initiatives, including Forward SGF.

Most Read Poll
What's your holiday spending budget?


View results

Update cookies preferences